Considering all the news that has come out as of late, I would have expected to see more of the shorts getting covered than what we see as of the 15th.

If you read Ruf's post (just before this one) on gold's down cycle and an expectation that we could still be testing the low 800's, maybe that is why there are still more than 800,000 shorts.

maybe these shorts have been covered in the last few days, now that the SP has been below 1.90, I would assume this would be the time.

I must say that SGR seems to have held up quite well considering the drop in the POG has been on a steady decline. Just another sign that SGR is getting ready to move up, just waiting for the one event that will trigger this whole surge.

AK